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Timken Wk6 Socio Economic Environment

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Submitted By rrobi75406
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TIMKEN

Socio-cultural Environment
American Public University
Robert J. Robinson

TIMKEN

Socio-cultural Environment
American Public University
Robert J. Robinson

Introduction In this paper I will address the following issues posed by the Week 6 assignment: Identify Domestic and Global Environments (countries) that are in opposing cultural clusters (as identified in International business: theory and practice) identify which cluster(s) your two countries fit. Identify the socio-cultural parts of each country as related to business for your company. You will need to examine these with the aid of Geert Hofstede (see resources). Identify and discuss the various sociocultural aspects of each country. Do they differ? How? What are the similarities? How would these factors affect your company’s business in your Domestic and Global Environments (countries)?
Background
The Timken Company (Timken) is an industrial technology company. The company carries out development, production and sales of mechanical components and high-performance steel. They offer engineered high-friction bearings, alloy steels and lubricants. Identify Domestic and Global Environments (countries) that are in opposing cultural clusters (as identified in International business: theory and practice) identify which cluster(s) your two countries fit. Domestically, Timken (United States) is in North American culture cluster - by this I mean that Canada, the United States and Mexico have the North American Free Trade Agreement (NAFTA) which would combine the three countries. Though culturally different, via a paradigm of existence, geographically and under different governments and different languages, for clustering they will be grouped together. Globally, the opposing culture cluster is Europe, in essence the European Economic Monetary Union

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